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Dear friends and colleagues,  

At Global Strategy Journal, we have a call for papers for a special issue on ownership and global strategy. To accommodate requests for extension and in the spirit of fairness we have extended the deadline to July 11, 2022. The full call for papers appears here https://onlinelibrary.wiley.com/pb-assets/OwnershipGlobalStrategy_SI_GSJ_210822-1630678705.pdf. Below you can find a summary.  

We look forward to receiving your manuscripts!  

Best wishes, 

Alvaro  

 

Ownership and Global Strategy Submission deadline (extended): July 11, 2022  

Guest Editors:  

GeoffreyT. Wood, Western University, Canada  

Anna Grosman, Loughborough University London, UK  

MichaelJ. Mol, Copenhagen BusinessSchool, Denmark & University of Birmingham, UK  

 Supervising Editor:  

Alvaro Cuervo-Cazurra, Northeastern University, USA  

   

Background and Purpose  

 Who owns the firm (local or foreign shareholders, governments or private investors, concentrated or diffused shareholders, traditional or alternative investors) has long been an essential topic for research on organizations. At the same time, our conceptualization of ownership has widened over time to incorporate owners as strategists (most prominently in the case of entrepreneurial financiers), sources of capital (as in the case of large joint-stock companies), and mechanisms of control (direct or via institutional intermediaries). The linkages and tensions amongst these conceptual foundations (for instance, the tension between ownership, ownership structures, and control) have been the focus of a large literature in global strategy. At the same time, this diversity in conceptual foundations provides numerous opportunities for advancing our understanding of the role of ownership in global strategy. This is the objective of this special issue: analyzing how ownership affects global strategy and, by extension, how strategies are employed to accommodate owners.  

   

Research Questions  

 Althoughnot an exhaustive list, we would particularly welcome papers that have a scope that goes beyond national boundaries and look at questions such as those listed below.  

 

 Owners as strategists:  

1.       International private equity:  

2.       Sovereign wealth funds:  

3.       International venture capital:  

4.       International crowdfunding:  

5.       International hedge funds:  

a.       What is the effect of hedge fund activism on managerial behavior in investee firms?  

b.       How do hedge funds impact the management of the overseas firms they invest in?  

c.       What is the impact of the increased usage of high-frequency trading by international hedge funds in different national systems on target firm policies and practices?  

d.       What is the impact of co-investment by hedge funds and other alternative investors on investee firms?  

6.       What are emergingregulatory responses, perhaps as a form of financial protectionism, to alternative and institutional investors at the national and supranational levels,and how do these affect investors and investees?  

7.       Why do firms acquire strategic assets across borders in a portfolio manner (as opposed to direct ownership)? What are the implications for ownership and control, and how does this affect strategy in investee firms?  

8.       What is the effect of country of origin on corporatecontrol by institutional investors from abroad?  

9.       How do United Nations’ sustainable development goals reshape the investment strategy of international investors?  

  

Firms accommodating ownership:  

  1. Across the various types of international investors, how do investor characteristics (size, investment horizons, risk-taking, government involvement, degree of activism, and so on) affect the strategic decision-making of managers in firms they invest in?  
  2. What determines whether firms attract investment from different types of international investors and how do managerial behaviors affect the likelihood of such investments?  
  3. What is the effect of foreign institutional ownership (e.g., venture capital, private equity, hedge funds, crowdfunding) on firm strategy in family or entrepreneurial firms? 
  4.  What legal and organizational structures across institutional settings are put in place to optimize the property rights of institutional and alternative investors?  
  5. What is the causality and sequence in the relationship between investor decisions and firm strategies? How do these two types of actors interact?  

 




Alvaro CUERVO-CAZURRA    

  Professor, International Business and Strategy, Northeastern University    

   Co-editor, Global Strategy Journal     

   www.cuervo-cazurra.com      

   

Recent publications:    

   Enriching internationalization process theory: insights from the study of emerging market multinationals. JIM 

   Multinationals misbehavior. JWB  

   Implementing the United Nations’ Sustainable Development Goals in international business. JIBS   

   State ownership and internationalization: The advantage and disadvantage of stateness. JWB   

   Innovating for the Middle of the Pyramid in Emerging Countries. Cambridge University Press   


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